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What dimensions of water might a society lack legal property rights for? Why might lacking the...

What dimensions of water might a society lack legal property rights for? Why might lacking the right actually be economic efficient in a broad sense?

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The first such dimension is the ability of water to flow from one area to another area, that cannot be stopped by the society and society lacks legal right on it. The second dimension is the actual flow and its direction and boundaries building on it, that cannot be done by the society and they lack legal rights to do it. The third such dimension is water treated as natural resources, meant for everyone and no any society can exert its own exclusive claim upon it.

The lacking of these rights, helps facilitate the use of water by different societies in wider perspective. It facilitates growth and prosperity across the economy and the nation becomes rich in resources. So, lacking of these rights, brings higher efficiency in the economic activities and it benefits everyone.

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